MLS: #NWM2505434, Listed By: Brendan Greenheck, Northmarq Multifamily, LLC, Source:NWMLS - Northwest Multiple Listing Service
21125 81st Street
Arlington, WA 98223
0
Bed
0
Bath
28,247Sqft
4.30Acres(Lot)
Portage Creek Apartments is a well-maintained 28-unit property located in Arlington, offering investors immediate rent growth with minimal execution risk. It has benefited from significant capital improvements, with 24/28 units already renovated featuring updated flooring, paint, cabinets, and CT. In addition, the exterior has been recently repainted, enhancing curb appeal and reinforcing the asset’s strong physical condition. Despite these upgrades, in-place rents remain below market, providing a clear opportunity to increase revenue without the need for further interior renovations. All units include in-unit W/D and feature large floor plans averaging 1,009 SF, a compelling differentiator in the local rental market. The unit mix is further enhanced by value-added amenities, including
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: CompositionRoofing Information
Composition -
Flooring Information
Flooring: Vinyl Plank, Carpet Construction Materials: Brick, Wood -
Heating & Cooling
Heating: Baseboard Has Heating: Yes Cooling: None WaterSource: Public
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Building Information
Year Built: 1992 -
Exterior Features
Brick, Wood Construction Materials: Brick, Wood
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Lot Information
Lot Description: Paved, Sidewalk Lot Square Feet: 187308 Lot Acres: 4.3Property Information
Property Type: Residential Income Sub Type: Multi Family Structure Type: Multi Family
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Listing Price Information
Original List Price:$7300000
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Tax Information
Annual Tax: $41489 Tax Year: 2026 Parcel Number: 00776800002200
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Parking Information
Total Parking: 47Garage Information
Garage Space: 14
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Utility Information
Sewer: Sewer Connected Water Source: Public -
Location Information
Subdivision: Arlington City: Arlington Direction: Take Exit 208 from I-5 N, turn R onto WA-530 E, turn R onto WA-9 S, turn L onto E Highland Dr, turn R onto S Stillaguamish Ave, turn R onto Portage St, turn R onto 81st Dr NE
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Based on information submitted to the MLS GRID as of 06/21/2026 @ 06:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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ByOwner last updated this listing 06/21/2026 @ 06:20
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